4. Tokenomics
Last updated
Last updated
House rules at GRUMP:
The Tokenomics of GrumpyCoinCat (GRUMP) are carefully designed to support sustainable growth and community engagement. Here's a detailed breakdown of the house rules at GRUMP:
Symbol and Name
Symbol: GRUMP
Name: GrumpyCoinCat
Initial Supply
Initial Supply: 99,500,000 GRUMP
The total initial supply of GRUMP tokens is fixed at 99.5 million tokens. This amount has been minted to the owner's address at the inception of the contract.
Transaction Fees
To sustain marketing efforts and incentivize the team, transaction fees are imposed on every transaction involving GRUMP tokens. The fees are broken down as follows:
Marketing Fee :
A % fee on every transaction is allocated to the marketing wallet.
The marketing wallet is used to fund promotional activities, partnerships, and community events.
This ensures continuous visibility and engagement with the community, driving the growth of the GRUMP ecosystem.
Team Fee :
A % fee on every transaction is allocated to the team wallet.
This wallet is used to reward the team members for their continuous contributions to the project.
It helps ensure the project's sustainability by incentivizing and retaining top talent.
Example Transaction:
If a user transfers 1,000 GRUMP tokens, the transaction fees would be calculated as follows:
Marketing Fee: 1,000 * 0.02 = 20 GRUMP
Team Fee: 1,000 * 0.03 = 30 GRUMP
Net Amount Transferred: 1,000 - (20 + 30) = 950 GRUMP
Thus, 950 GRUMP tokens are sent to the recipient, while 20 GRUMP tokens go to the marketing wallet and 30 GRUMP tokens to the team wallet.
Wallet Limit
Max Wallet Limit: 1% of the max supply
No wallet can hold more than 1% of the total supply, which equates to 995,000 GRUMP.
This limit ensures fair distribution of the GRUMP tokens and prevents centralization.
Burn and Mint Capabilities
Burn:
The contract allows the owner to burn (destroy) GRUMP tokens, reducing the total supply and creating deflationary pressure.
This feature ensures that the supply can be managed over time, increasing the scarcity and value of the remaining tokens.
Mint:
The owner cannot mint new token.
However, the mint function includes strict checks to ensure that no wallet exceeds the 1% max wallet limit.
Allocation
Here's a breakdown of the initial supply allocation:
Owner Allocation (Initial Supply):
The entire 99,500,000 GRUMP tokens were initially minted to the owner's address.
Marketing and Team:
Marketing Wallet: Receives a 2% fee from every transaction.
Team Wallet: Receives a 3% fee from every transaction.
Community Distribution via ICO and Airdrop:
A significant portion of the initial supply will be distributed through the ICO and airdrop events.
Summary Table
Parameter | Value |
---|---|
Symbol
GRUMP
Name
GrumpyCoinCat
Initial Supply
99,500,000 GRUMP
Marketing Fee
0 to 10 % per transaction
Team Fee
0 to 10 % per transaction
Max Wallet Limit
1% of total supply (995,000 GRUMP)